Emerald Oil Industries

What Emerald Oil Industries does

Emerald Oil Industries is a publicly traded Bangladeshi manufacturer of rice bran edible oil, headquartered in Dhaka and listed on the Dhaka Stock Exchange under the ticker EMERALDOIL. Founded in 2008, the company operates with 101-250 employees and distributes its products under the Spondon brand via the spondonoil.com web presence. Its core activity is the industrial processing of rice bran — a by-product of Bangladesh's domestic rice milling industry — into packaged edible oil for the local consumer market.

The company's revenue model is the manufacture and sale of branded packaged edible oil, with reported financials indicating a sharp recovery in 2023 after a loss-making 2021 and a soft 2022. Reported 2023 revenue was substantially higher than 2022, and gross profit and net income both returned to strong positive levels, consistent with restored volumes and/or pricing after the 2021 disruption. The 2015-2016 reported figures suggest a historically larger revenue base that had contracted before the recent recovery. The company does not disclose specific distribution channels, pricing models, customer segments, or marketing channels in the available data.

Strategically, Emerald Oil is a small-to-mid-cap domestic edible oil manufacturer with a single brand and a single national market. Its primary risk factors, given the data, are commodity input cost volatility (rice bran pricing), FX exposure for any imported inputs, and dependence on Bangladesh's domestic packaged-foods demand. There is no disclosed evidence of M&A activity, geographic expansion beyond Bangladesh, product diversification outside rice bran oil, or digital/technology differentiation. Public listing provides equity capital access, but the absence of disclosed capital raises or strategic transactions in the data limits visibility into forward strategic intent.

Name

Emerald Oil Industries

Website

https://spondonoil.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Emerald Oil Industries is a publicly listed Dhaka-based manufacturer of rice bran edible oil, founded in 2008 and trading on the Dhaka Stock Exchange as EMERALDOIL, serving the Bangladeshi consumer market under the Spondon brand with 101-250 employees.

Ownership category

akta.pro rank

Product category

Edible Oil Manufacturing

NAICS

Fats and Oils Refining and Blending (311225), Soybean and Other Oilseed Processing (311224)

SIC

Fats & Oils (2070)

akta.pro primary industry

High-Oleic & Specialty Oilseed Oils (AFAJALAC)

Keywords

• Rice bran oil
• Edible oil manufacturing
• Cooking oil production
• Vegetable oil refining
• Branded food oils

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Others

Core offering

Emerald Oil Industries manufactures and sells rice bran edible oil for household and consumer cooking use. The company operates as a branded food-oil producer in Bangladesh, refining and packaging rice bran oil for sale under the Spondon Oil brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Spondon Rice Bran Edible Oil Refined, food-grade cooking oil derived from rice bran, produced and packaged in Bangladesh under the Spondon Oil brand for household cooking use.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights2 records

Broad incumbents

• Wilmar International: Global agribusiness giant with substantial edible oil refining and consumer brands across Asia. Sets regional pricing and supply benchmarks that affect Emerald's margins.
• Adani Wilmar: India's largest edible oil play (Fortune brand) with integrated refining across multiple oil categories. A dominant incumbent that could enter rice bran oil at scale.
• Patanjali Foods: India-based FMCG with significant edible oil refining and branded offerings. Overlapping customer base in the value/health-conscious edible oil segment.
• Marico (Saffola): Large Indian FMCG with Saffola as a leading rice bran/specialty edible oil brand. Operates broadly in edible oils but anchors rice bran oil in India, competing for the same health-conscious consumer.
• Cargill: Global commodity and food ingredients platform with large edible oil trading and refining operations. Comparable as a peer for procurement dynamics and benchmark pricing.

Direct peers

• City Group (Bangladesh): Bangladesh conglomerate with major edible oil refining and bottling operations (e.g., Teer brand). Competes head-to-head with Emerald in the domestic refined oil market.
• BCL Industries: India-based manufacturer of rice bran oil and refined oils under the Healthy & Tasty brand. Closest direct comparable as a publicly listed rice bran oil specialist in South Asia.
• Sethia Oils: Indian rice bran oil refiner and exporter. Comparable in core product (rice bran oil) and operating model (refining + bottling).
• Bashundhara Edible Oil: Part of Bangladesh's Bashundhara Group, one of the largest edible oil refiners and bottlers in Bangladesh. Direct domestic competitor for retail and bulk oil customers.

Regional players

• Global Agri (Bangladesh): Bangladesh-based edible oil and consumer goods company. Regional competitor operating in the same domestic market with overlapping distribution and product mix.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Emerald Oil Industries